Synchrony Financial (NYSE: SYF): Reassessing Prospects

Synchrony Financial (SYF) concluded trading on Thursday at a closing price of $66.92, with 3.38 million shares of worth about $226.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.41% during that period and on December 05, 2024 the price saw a gain of about 0.15%. Currently the company’s common shares owned by public are about 389.22M shares, out of which, 387.58M shares are available for trading.

Stock saw a price change of -0.45% in past 5 days and over the past one month there was a price change of 17.78%. Year-to-date (YTD), SYF shares are showing a performance of 75.23% which increased to 96.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $33.58 but also hit the highest price of $69.00 during that period. The average intraday trading volume for Synchrony Financial shares is 3.63 million. The stock is currently trading 1.83% above its 20-day simple moving average (SMA20), while that difference is up 14.02% for SMA50 and it goes to 37.95% higher than SMA200.

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Synchrony Financial (NYSE: SYF) currently have 389.22M outstanding shares and institutions hold larger chunk of about 99.99% of that.

The stock has a current market capitalization of $26.05B and its 3Y-monthly beta is at 1.64. PE ratio of stock for trailing 12 months is 8.73, while it has posted earnings per share of $7.66 in the same period. Its PEG reads 0.22 while making debt-to-equity ratio of 0.98. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SYF, volatility over the week remained 2.11% while standing at 2.33% over the month.

Stock’s fiscal year EPS is expected to rise by 25.58% while it is estimated to increase by 1.70% in next year. EPS is likely to grow at an annualized rate of 39.61% for next 5-years, compared to annual growth of 6.75% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on December 03, 2024 offering an Overweight rating for the stock and assigned a target price range of between $60 and $85 to it. On August 09, 2024, BofA Securities Upgrade their recommendations, while on July 16, 2024, Compass Point Initiated their ratings for the stock with a price target of $56. Stock get an Outperform rating from Robert W. Baird on June 28, 2024.

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